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Oakville, Ontario, Canada, 2008/10/21 - Parlay Entertainment, Inc., announces its new ParlayGames product, a unique packaging of some of the world's most profitable and best performing slots and side games - ParlayGames.com. TSXV: PEI

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Parlay Entertainment, Inc., the world's leading supplier of Internet and TV bingo software solutions, is pleased to announce its new ParlayGames product, a unique packaging of some of the world's most profitable and best performing slots and side games.

With more than 60 Flash games in the suite, ParlayGames delivers a range of world-class slots, lottery, video poker, keno and casino games, with classic titles such as Bring Home the Bacon, Gorgeous George and Trolling For Treasure. The comprehensive package includes all the components needed to easily configure and manage the games.

With this new offering from Parlay Entertainment, operators can easily plug in the ParlayGames suite and take advantage of the proven series of high revenue generating games. With ParlayGames they can do this with or without Parlay's bingo.

"ParlayGames is designed for seamless plug & play into existing back-end systems. It is an open platform that allows you to add content fast," said Perry Malone, CTO and co-founder of Parlay Entertainment.

"Players from around the world have enjoyed these games, which are renowned for their great graphics, entertainment value and appeal to the soft gaming market," continued Mr. Malone. "Whilst they appeal to all types of players, many of the games have been particularly popular with females. Now that our ParlayGames suite is available as a standalone product, we anticipate greater exposure of these popular games to an even broader audience."

Moving forward, Parlay will continue to expand its offering as it develops new games and content that deliver entertainment value for players and additional revenue opportunities for our licensees.

About Parlay Entertainment

Parlay Entertainment Inc. (parlaygroup.com) is the world's leading developer and dominant licensor of Internet bingo solutions. As the inventor and holder of Internet bingo patents¹, Parlay was the first company in the world to develop and deploy a commercial Internet bingo product. Parlay Bingo is available in both 75-number and 90-number versions and is complemented by a full suite of lottery and casino games. Our multi-player, multi-platform technology is used to power more online bingo sites in more countries than any other software provider in the world. Some of the world's best-known brands use Parlay Bingo solutions, including Virgin, Yahoo!®, Paddy Power, NetPlay TV and Bingos.co.uk, as well as the St. Minver and TGN bingo networks. Parlay's head offices are in Oakville, Canada with offices in Bridgetown, Barbados and Valletta, Malta.

For more information on Parlay solutions and services, please visit our Website.

This document may contain statements about expected future events and/or financial and operating results of Parlay Entertainment Inc. that are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions and other forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements.

The TSX Venture Exchange does not accept any responsibility for the adequacy or accuracy of this release.

¹ United States Patent No. 6,585,590, Canadian Patents No. 2,340,152 and 2,618,843, with other Patent applications pending in other countries.

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